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Airbus Paying $1,470 Bonus to Nearly All Employees to Counter Cost of Living Crisis
COMP NEWS - Airbus, a major European aviation company, is giving nearly all of its 126,000 global staff a bonus of $1,470 to help counter cost of living increases. Aviation giant Airbus is the latest major corporation to hand workers a one-off payment to help fight...
Top Twitter Executives Get $120 Million in Golden Parachutes
COMP NEWS - Following Elon Musk's acquisition of social media behemoth Twitter, over $120 Million in bonuses have been awarded to executives who were released from the company in the wake of the changeover. Top Twitter executives who were fired after billionaire Elon...
New York City to Require Employers to Post Salary Ranges With Job Listings
COMP NEWS - Employers in New York City will need to start posting salary ranges next to their job listings, thanks to new legislation that goes into effect on November 1st. For years, companies of all sizes have closely guarded the potential pay for their job...
Health Care Company Pleads Guilty To Conspiring to Suppress Wages of School Nurses
COMP NEWS - A healthcare staffing company was convicted of engaging in a coordinated effort to suppress the wages of its nurses, the U.S. Department of Justice has announced. VDA OC LLC (VDA), a health care staffing company, pleaded guilty and was sentenced today for...
Second Railroad Union Votes Down Tentative Labor Deal, Nationwide Strike Possible
COMP NEWS - A second railroad union has voted down the terms of a tentative labor deal that is needed to prevent a nationwide strike. Nearly 10,000 union members voted, with over 60% of them voting to reject the deal. The Brotherhood of Railroad Signalmen is the...
Since Pay Transparency Law Implemented, Wages Up 11.5% in Colorado
COMP NEWS - Since implementing a new law requiring employers to publically post salary ranges alongside job postings, wages in colorado grew 11.5% between January 2021 and May 2021. Bureau of Labor Statistics data shows Colorado’s average hourly wage grew 11.5%...
Survey Shows What Attracts Top Talent in Tech
COMP NEWS - A new survey indicates that companies are struggling to retain top talent in tech and examines just what prospective employees are looking for from their employers. Right now companies are having a tough time finding, hiring, and keeping the top technical...
Early Reports Indicate Salaries For MBA Grads Are Rising
COMP NEWS - While the number of MBA applications around the U.S. keep declining, the salaries of MBA grads are actually rising by as much as 10% year-to-year. Reports suggest that MBA applications are declining, but salaries for graduates appear to be surging....
California Announces Substantial Increase in Compensation Rate for Computer Professional Exemption in 2023
COMP NEWS - The California Department of Industrial Relations (DIR) has announced an increase in the compensation threshold for exempt computer professionals in accordance with the state's computer professional exemption act. Professionals who fulfill criteria in...
SCOTUS Wonders If Some Workers Making $200K Annually Should Receive Overtime Compensation
COMP NEWS - The Supreme Court may soon hear a case that could change the way some highly-paid workers are compensated, as it seeks clarification on "hourly" compensation for workers paid at a day rate. Michael Hewitt and his employer, oil and gas company Helix Energy...
Goldman Sachs Keeping Lid on Bonuses Even as Average Employee Compensation Decreases
COMP NEWS - Goldman Sachs is tightening its belt in preparation for a potential economic downturn, with its spending on compensation down over 20% even as its workforce grows. It's unlikely to be a vintage year for bonuses at Goldman Sachs. The firm released its third...
Here Are 15 Companies Where Employees Are Happiest With Their Pay
COMP NEWS - California leads the way for companies with employees happiest with their pay. A new survey has shown that Silicon Valley, in a bid to remain competitive in its hiring practices, has been increasing its compensation structures and pay transparency....
The Gig Economy May Be Nearing It’s Endgame As Employer Classification Rules Tighten
COMP NEWS - Federal regulators are clamping down on employee classification rules which allowed companies like Uber and Lyft to classify their workers as independent contractors, opening up the door for companies of the "gig economy" to be required to pay their...
Salaries Increased for New York State-Employed Nurses Amid Staffing Crisis
COMP NEWS - Registered nurses employed by the state of New York are getting an extra pay raise to combat staffing shortages. Registered nurses employed by the state are getting a pay raise. Various nurse positions across 15 state agencies will have a starting annual...
